Oct 29, 2026 2026-16

Additional Property Requirements in FEMA-Designated Disaster Areas

Dear Participating Lenders:

Ginnie Mae, Fannie Mae and Freddie Mac require lenders to take additional steps to verify and document the condition of any property located within a FEMA-designated disaster area.

Housing New Mexico’s contract service provider, Idaho Housing and Finance Association (IHFA), will begin applying both agency and Government Sponsored Enterprise (GSE) selling guidelines as it relates to properties located within a disaster area. The current affected counties include Cibola, Rio Arriba, San Juan, and Sandoval.

In all cases, lenders should seek additional direction from their underwriting and compliance personnel to ensure that agency or GSE guidelines are being followed. It is the sole responsibility of the lender to deliver loans that are insurable and saleable.

For more information regarding designated areas, click here:  Designated Areas | FEMA.gov.  
Please share this link with anyone you know who was affected and needs to apply for federal assistance.

Your cooperation is greatly appreciated.

Should you have questions, please contact a member of the MFA Homeownership Department at 505-843-6880.

Thank you for participating in MFA programs.